Payment Data Systems, Inc. (PYDS) Draws Bearish Attention After Forming Double Bottom Chart Pattern

September 17, 2017 - By Adrian Mccoy

The chart of Payment Data Systems, Inc. (PYDS) shows a double bottom with $1.69 target or 6.00 % below today’s $1.80 share price. The 9 months chart pattern indicates high risk for the $21.22M company. It was reported on Sep, 17 by Finviz.com. If the $1.69 price target is reached, the company will be worth $1.27M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.56% or $0.01 on September 15, reaching $1.8. About 32,349 shares traded. Payment Data Systems, Inc. (NASDAQ:PYDS) has declined 12.80% since September 17, 2016 and is downtrending. It has underperformed by 29.50% the S&P500.

More notable recent Payment Data Systems, Inc. (NASDAQ:PYDS) news were published by: Seekingalpha.com which released: “Payment Data Systems’ (PYDS) CEO Louis Hoch Q2 2017 Results – Earnings Call …” on August 14, 2017, also Globenewswire.com with their article: “Payment Data Systems to Report Second Quarter 2017 Results” published on August 10, 2017, Globenewswire.com published: “Payment Data Systems Announces Update on the Acquisition of Singular Payments, LLC” on August 07, 2017. More interesting news about Payment Data Systems, Inc. (NASDAQ:PYDS) were released by: Nasdaq.com and their article: “Payment Data Systems Acquires Singular Payments, LLC” published on September 06, 2017 as well as Globenewswire.com‘s news article titled: “Payment Data Systems to Report First Quarter 2017 Results” with publication date: May 11, 2017.

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